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07/12 14:17

Will Trump’s $1.2 Billion Cryptocurrency Investmen

Will Trump’s $1.2 Billion Cryptocurrency Investment Plan Survive ‘Cryptocurrency Anti-Corruption Week’?

Democrats have vowed to block key cryptocurrency bills, including the GENIUS and CLARITY Acts, calling them “dangerous” and conducive to fraud. Will Republicans Pass These Bills?

The US Congress is gearing up for a crypto showdown starting on July 15.

Democrats have vowed to block them in response to a Republican “Cryptocurrency Week” initiative aimed at fast-tracking key stablecoin bills, the GENIUS Act and the Market Structure Act (CLARITY Act).

In a statement, Democrats led by Maxine Waters and Stephen Lynch announced a “Cryptocurrency Anti-Corruption Week,” citing alleged widespread fraud at cryptocurrency companies linked to President Donald Trump.

  They added:

“Taken together, these bills pave the way for a massive cryptocurrency scam and legitimize President Trump’s corruption in the crypto space, which has already netted him a whopping $1.2 billion.”

Trump-linked cryptocurrency projects have seen significant growth in recent times, moving from stablecoins to memecoins. Some users have reportedly lost significant amounts of money in the official Trump Memecoin [TRUMP].

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